#ETH K-line latest analysis | 2150-2200 range consolidation, breakthrough imminent?
Brothers, $ETH recently has plenty of highlights in the K-line!
After a peak of 2327+ in mid-March, it has retraced and is currently oscillating in the core range of 2150-2200. The daily chart shows several small entity K-lines + lower shadows probing, and after a strong bullish rebound on March 23, it entered a consolidation phase with moderate volume increase, lower shadows rejecting the lows, and clear bullish defense! Technical points: still in a medium to long-term downward channel, but forming higher lows, currently in a short-term rectangular consolidation.
Key resistance: 2200-2300 (a breakout with volume could initiate a rebound, target 2400+)
Key support: 2050-2100 (if lost, watch out for 1950)
Summary: ETH is consolidating at low levels, and the window for directional choice is approaching!
A breakout above 2200 may indicate strength, otherwise be cautious. What do you think? #ETH #k线分析
